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Bag Filter Market Projected to reach $10.2 billion by 2023 | Key Players include Babcock & Wilcox, Eaton, Donaldson, Camfil Farr and Parker Hannifin

04-08-2019 12:56 PM CET | Energy & Environment

Press release from: MarketsandMarkets™

Bag Filter Market Insight Report 2023 - Babcock & Wilcox, Eaton, Donaldson, Camfil Farr and Parker Hannifin

Bag Filter Market Insight Report 2023 - Babcock & Wilcox, Eaton, Donaldson, Camfil Farr and Parker Hannifin

According to recent research "Bag Filter Market by Type (Pulse Jet, Shaker, Reverse Air), Media (Woven, Non-Woven), Fluid Type (Air, Liquid), Applications (Power Generation, Cement, Mining, Chemical, and Municipal), and Region - Global Forecast to 2023", The global bag filter market is projected to reach USD 10.2 billion by 2023 from an estimated USD 7.8 billion in 2018, at a CAGR of 5.54%. This growth can be attributed to the environment and safety regulations set by different governments to reduce air pollution, growth in the cement and mining industry, and requirement of a safe working environment in industries.

Browse 71 market data Tables and 37 Figures spread through 149 Pages and in-depth TOC on "Bag Filter Market"
https://www.marketsandmarkets.com/Market-Reports/bag-filter-market-32029421.html

The pulse jet segment is expected to hold the largest share of bag filter market, by type, during the forecast period.

The pulse jet segment is estimated to dominate bag filter market in 2018 and is projected to have the largest market share during the forecast period. This is mainly due to the fact that pulse jet filters allow cleaning of the pollutants without hampering the production process in industries such as cement and mining. Pulse jet filters are increasingly used in industries such as cement, power generation, and mining to regulate the particle emission and to meet the emission standards.

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The nonwoven segment is expected to be the fastest growing segment of bag filter market, by media, during the forecast period.

The nonwoven segment accounted for the highest CAGR during the forecast period. Growth of this segment can be attributed to the highly efficient filtration level and high temperature resistance in applications in industries such as power generation and chemical industry. In the cement and mining industry, where there is an increased need to reduce particulate emissions, nonwoven bag filters offer optimum filtration performance in conditions such as high temperature and high flow applications.

Asia Pacific: The leading market for bag filters.

In this report, bag filter market has been analyzed with respect to 5 regions, namely, North America, South America, Europe, Asia Pacific, and the Middle East & Africa. Asia Pacific is estimated to dominate the global bag filter market in 2018 owing to the industrial pollution from countries such as China and India, where there is huge requirement for power and infrastructural development due to growing population. Other countries in this region are also investing in infrastructure and power generation projects to tackle growing population demands. The grot hog bag filter market in this region is also driven by increasing necessity to improve air quality in industries for workers. Failure to install bag filters can result into severe air pollution related diseases and subsequent death.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in bag filter market. Some of the key players are Babcock & Wilcox (US), Eaton (Republic of Ireland), Donaldson (US), Camfil Farr (Sweden), and Parker Hannifin (US). The leading players are adopting various strategies to increase their shares in bag filter market.

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com

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